According to Whale Alert, two Bitcoin whales holding 404 and 429 BTC respectively (a total of $80.77 million) that have been dormant for 10.9 years, became active simultaneously 4 hours ago. It is currently uncertain whether this revival is for the purpose of arbitrage selling. However, considering the amount of Bitcoin held by the whales, even if they choose to sell, the impact on the Bitcoin price would be relatively limited.
After Donald Trump’s successful presidential election, the market’s expectations for his promised cryptocurrency policies have increased significantly. This has led to the surge of Bitcoin from $69,000 to over $99,000, with attempts to break the $100,000 mark.
With the backdrop of Bitcoin’s surge, not only are existing Bitcoin holders taking profits, but even dormant Bitcoin whale wallets that have been inactive for over 10 years are also showing signs of activity.
Bitcoin whale holding 404 BTC wakes up after nearly 11 years
According to monitoring account Whale Alert, two Bitcoin whales holding 404 and 429 BTC respectively (a total of $80.77 million) that have been dormant for 10.9 years became active 4 hours ago.
It is currently uncertain whether this revival is for the purpose of arbitrage selling. However, considering the amount of Bitcoin held by the two whales, even if they choose to sell, the impact on the Bitcoin price would be relatively limited. Therefore, investors need not overly worry.
Bitcoin research institution: Satoshi Nakamoto may be the 2010 whale
On the other hand, according to a previous report by Dynamic Zone, Bitcoin research institution BTCparser proposed a new theory in an article published on November 19th, stating that “Satoshi Nakamoto may be the Bitcoin whale of 2010.”
The article suggests that Satoshi Nakamoto may have mined Bitcoin again in 2010 under a different identity and accumulated thousands of BTC. As the price rose, he strategically began selling these tokens starting from 2019.
So far, this “2010 whale” has transferred 24,000 BTC using the same pattern, with the first transfer occurring in November 2019, and the most recent one on November 15, 2024:
November 2019: Sold Bitcoin worth about $5 million
March 2020: Sold Bitcoin worth about $6-8 million
October 2020: Sold Bitcoin worth $11-13 million
November 2024: Sold Bitcoin worth $176 million
The article suggests that these transaction amounts have gradually increased as Bitcoin has risen in value, indicating that this whale is implementing a planned cashing out strategy.